Deal Detail


MVELAPHANDA GROUP LIMITED

Batho Bonke (in which Mvela Group has a 44.7% effective interest) entered into a transaction with Absa Group involving, inter alia:

  • A specific repurchase by Absa of 49.9% of the Absa Redeemable Preference Shares held by Batho Bonke; and
  • An issue by Absa of 36 649 300 Absa Ordinary Shares arising from the exercise by Batho Bonke of 50.1% of the options attaching to the Absa Redeemable Preference Shares.
  • Deal Value: R1,062 billion (for the Absa Redeemable Preference Share repurchase) + R2,503 billion (for the Absa Ordinary Share subscription)

Lawyers Involved:

Assisted By:

Lizelle Marwick

 
 
   

 

In association with Bowman Gilfillan Africa GroupMember of Lex MundiMember of Employment Law Alliance